satisfice
Meaning
Of human behavior: to make a choice that suffices to fulfill the minimum requirements to achieve an objective, without special regard for utility maximization or optimization of one's preferences.
Synonyms
satisfise
Translations
Pronounced as (IPA)
/ˈsætɪsfaɪs/
Etymology
Blend of satisfy + suffice, coined by American political scientist and psychologist Herbert A. Simon in 1956.
Notes
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